ICYMI: NY, CA lost more tax income than every other state

In case you missed it, IRS data showed that New York joined California as the states losing the most tax income as citizens fled to low-tax red states like Texas and Florida. 

New York, California lost more tax income than every other state as people fled liberal enclaves

By Aaron Kliegman | Fox News

New York and California experienced the largest loss of tax income from migration of any states in the country as residents fled the deep-blue havens in droves, according to a new study that also found that Texas and Florida got the biggest IRS tax benefits from people moving in.

MyEListing.com, an online real estate portal, conducted a study of IRS migration data and found that California lost more than $340 million in 2021 IRS tax revenue due to residents moving.

As for the states that lost the most tax money due to migration, New York experienced the second-biggest drop next to California, losing just under $300 million from its yearly tax base. A separate study by WalletHub found recently that New York imposes the most burdensome taxes on its residents of all the country’s 50 states.

Read on at FoxNews.com


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